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INVESTMENT IN AFFILIATES
 12 Months Ended
Dec. 31, 2023
Investments in and Advances to Affiliates [Abstract]  
INVESTMENT IN AFFILIATES
NOTE 5 - INVESTMENT IN AFFILIATES
 
On November 25, 2015, the Company signed an agreement with Russian-based Engineering Holding of Moscow (“Engineering”), to establish a new facility for the provision of services for heat transfer products. The new Company, TAT-Engineering LLC, is based in Novosibirsk’s Tolmachevo airport. TAT-Engineering, LLC shall provide services for heat transfer products. 51% of TAT-Engineering LLC's shares are held by TAT and the remaining 49% are held by Engineering. The accounting treatment of the joint venture is based on the equity method due to variable participating rights granted to Engineering. The new entity was established in January 2016.
 
Summarized financial information of TAT-Engineering LLC:
 
   
December 31,
  
   
2023
    
2022
  
Balance sheets:
            
Current assets
  
$
2,048
    
$
913
  
Non-current assets
    
922
      
1,168
  
Current liabilities
    
1,395
      
1,426
  
 
   
Year ended December 31,
  
   
2023
    
2022
    
2021
  
Statements of operation:
                  
Revenues
  
$
2,702
    
$
1,277
    
$
501
  
Gross profit (loss)
    
1,739
      
605
      
(22
)
Net income (loss)
    
987
      
365
      
(148
)
Net income (losses) attributable to the Company
    
503
      
184
      
(76
)